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The aggregate fee increase is driver� by a 2Q°lo increase in "stop loss" fes ($100,000 increase}, <br /> offset by a 60%decrease in the ne#administra#ive fee{$54,000 decrease). <br /> The stop lass fee increase is the resul# of certain medical claim costs exceeding the stop loss <br /> level. The Rx rebate credit is the result af plan incurrence af a greater preponderance af higher <br /> priced Rx prescriptions, resulting in#he increased credit, however, offset by a higher incurrence of <br /> increased Rx claim expense. <br /> P4TENTIAL OBJECTICIN: <br /> There are no known objections to this resolution request. <br /> tNPUT FROM OTHER SOURCES: <br /> First Mid Bank!JL Hubbard Insurance and Sonds, Rick Semonis, Broker and Advisor to the City <br /> for Employee Benefit matters <br /> STAFF REFERENCES: <br /> Scot Wrighton, City Manager <br /> Gregg D, Zientara, Ci#y Treasurer& Director of Finance <br /> BUDGET/TIME lMPLICATIONS: <br /> Approval at this time wi(I allow employee open enrollment period ta be conducted during the <br /> month af December. <br /> Page 2 of 2 <br />